Pump.fun meme coins “ponzi scheme” say Burwick Law founder
Max Burwick has called Pump.fun “the evolution of MLM scams,” accusing it of exploiting investors—and now his law firm is preparing a lawsuit. On Jan. 15, Max Burwick—founder and Partner at Burwick Law—voiced strong criticism against platforms like Pump.fun as examples of what he calls “the ultimate evolution of multi-level marketing scams, preying on human […]
Argentina freezes $3.5m in USDT amid investigation into Rainbowex Ponzi scheme: report
A court in Argentina has ordered the seizure of a crypto wallet containing $3.5 million in Tether’s USDT stablecoin. The Argentine Justice Department has taken control of a $3.5 million (USDT) wallet, which is part of a larger investigation into Rainbowex, a trading Ponzi scheme. As part of the crackdown, authorities have frozen not only […]
CFTC accuses pastor of shilling $6M crypto Ponzi to congregants
The CFTC has accused a pastor of promoting a crypto scheme to churchgoers, which it alleged promised guaranteed returns of nearly 35%. Source link
